For many New York households, yes, particularly at higher income levels and estates above the state exemption. New York State’s top marginal income tax rate is 10.9%. New York City residents pay an additional resident income tax that reaches 3.876% at the top bracket, producing a combined state plus city top marginal rate of 14.776%. Nevada has no state income tax, no city income tax, and no state capital gains tax. For a household with significant income or capital gains exposure, the annual delta can reach seven figures. New York’s state estate tax adds another layer: the exemption is approximately $6.94 million as of 2024 with a cliff mechanism that eliminates the exemption entirely if the estate exceeds 105% of the threshold. Nevada has no state estate tax at any threshold. Beyond the tax structure, the Las Vegas valley offers larger buildable lot sizes than most Manhattan, Brooklyn, Westchester or Long Island markets at comparable price points, and a growing luxury custom home market across MacDonald Highlands, Ascaya, The Ridges and other master-planned communities. Whether the move is worth it depends on your specific tax situation, estate planning goals, family circumstances and lifestyle priorities. Consult a tax advisor and estate planning attorney for specific numbers on your situation. Kingdom & Co. builds for New York buyers relocating for these reasons regularly.